Redknee Launches Cloud-Based Billing for an International MVNO

TORONTO--(Marketwired - Jun 27, 2013) - Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, is pleased to announce that its converged billing solution is now providing the charging and billing for an international MVNO. Launching the cloud-based platform, in a multi-million dollar software and services deal for Redknee's charge@once solution, the acquired EMEA customer is now able to provide innovative services and pricing plans to its global subscriber base at home and when they are roaming. The launch of Redknee's platform at the multi-national MVNO highlights Redknee's highly scalable and flexible monetization and subscriber management solution for communications service providers (CSPs).

Redknee's agile solution is supporting the international MVNO's global growth strategy as well as enabling the individual subsidiaries to launch pricing plans and services to meet their local needs. Providing one of the industry's most comprehensive real-time converged billing, charging and customer care solutions, Redknee enables CSPs to monetize and optimize the subscriber experience across the entire customer lifecycle. From activation to provisioning, to providing a 360 degree view of the customers' usage, preferences, and integration with third party social media sites, to empowering customers with self-care tools and the ability to pay for services on the go, Redknee provides one of the industry's most comprehensive real-time converged billing, charging, customer care and payments solutions.

Lucas Skoczkowski, CEO of Redknee, commented:
"By replacing its legacy billing solution with Redknee's converged billing and charging solution, this innovative MVNO is now equipped to implement its aggressive growth strategy. The multi-million dollar deal with an acquired customer is further confirmation of Redknee's capability to support our customers with highly scalable and flexible monetization and subscriber management solutions. Redknee is committed to developing our market-leading real-time converged billing and charging platform to further advance our position as the provider of choice to more than 200 service providers across the world."

Redknee supports communication service providers with a complete portfolio of monetization and subscriber management solutions for mobile network operators, MVNE/Os, and service providers across the world. Redknee's highly scalable and flexible solution enables CSPs to monetize third party relationships and content, support resellers and dealers and launch multi-country operations quickly, effectively and with a low total cost of ownership. Available on-premises, cloud-based and as a Software-as-a-Service offering, Redknee provides a complete monetization and subscriber management solution to more than 200 service providers, including some of the largest Tier 1 operators in the world.

For more information about Redknee and its solutions, please go to www.redknee.com.

Forward-Looking StatementsCertain statements in this document may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Persons reading this news release are cautioned that such information may not be appropriate for other purposes.

Such forward-looking statements include the statements regarding financial and other projections as well as statements regarding Redknee's future plans, objectives or performance for the current period and subsequent periods and regarding the markets for our products. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the inability of Redknee's products to perform as expected, a material adverse change in the affairs of Redknee, and the factors discussed under the "Risk Factors" section of Redknee's most recently filed AIF which is available on SEDAR at www.sedar.com and on Redknee's web-site at www.redknee.com. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements.

Although the forward-looking statements contained in this document are based upon what Redknee believes are reasonable assumptions, Redknee cannot assure investors that our actual results will be consistent with these forward-looking statements. Redknee assumes no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

About Redknee Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable service providers to monetize new services, business models and content and to deliver a comprehensive customer experience. Redknee's revenue and subscriber management platform provides innovative converged billing, charging, customer care, and payments solutions for voice, messaging and data services to over 200 service providers in over 90 countries. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.